ABC of IMF-Pakistan Agreement Sans Trade & Logistics IMF Country Report No. 24/310 of October 2024 - Article IV Consultation and Request for an Extended Arrangement under Extended Fund Facility External Financing Support Pursuant to economic stability achieved under the 2023 Stand-by Arrangement (SBA) the International Monetary Fund (IMF) and Pakistan finalized an agreement on
China's Foray into Far East Seaports China’s is expanding its global maritime footprint and this may be a cause of concern for the US. China is flooding huge private and public cash into Cambodia especially targeting the capital city of Phnom Penh and port cities like Sihanoukville.Currently major upgrades to the nearby Ream Naval Base
Coastal Province of Balochistan & Reko Diq Copper Gold Project The province of Balochistan covers almost 44% of the country in term of area yet the population is only 5% of Pakistan’s population. Its potential natural resources are still geologically undiscovered. Alarmingly net foreign direct investment in Pakistan dipped by 2.9% in the period of
Diversification in Middle Eastern Economies It seems diversification is the name of the new game being played across the oil producers in the Middle East. The AD Ports Group of Abu Dhabi business model is integrally comprised of Digital, Economic Cities & Free Zones, Logistics, Maritime and Ports. The UAE is a significant investor in
Economic Wizard Enriches himself Riad Salameh the Central Bank of Lebanon's Chief since decades once widely acclaimed as an economic wizard now faces the ire of the public due to the worst economic crisis and prolonged depression Lebanon is going through. The economic crisis worsened as cross border trade reduced to a trickle after the
Diplomacy & Dollars The recent embrace between Turkiye (renamed at the UN) and Saudi Arabia culminated in a deposit of $ 5 billion by the Saudi Development Fund with the Central Bank of Turkiye whose net foreign exchange reserves had slumped to less then $ 20 billion this year .No conditions appear to have been
Bold Talk Credit Al Jazeera The International Monetary Fund (IMF) Managing Director Kristalina Georgieva has rendered sagacious advice , seemingly unsolicited, to Pakistan : protect the poor impose taxes on the wealthy function as a country dont get into a dangerous place & restructure debt those making good money, public or private sector, to contribute
IMF and Foreign Debt Sri Lanka entered into negotiations with the International Monetary Fund (IMF) as it was unable to repay around $ 7 billion in foreign debt due in the year 2022. The country’s total foreign debt exceeds $ 51 billion of which $ 28 billion has to be repaid by the year 2027.
Largest Wheat Importer The population of Egypt, the most populous Arab state, is around 104 million and to put things in perspective is perhaps the worlds biggest importer of wheat. The impact of the conflict in Ukraine and subsequent hiking of interest rates, accompanied by a surge in global energy prices compelling foreign investment to
Sanctions & Disruption of Energy Supply Chain Courtesy The Japan Times After the conflict in Ukraine erupted Russian supply of oil and piped gas to the European Union got severely disrupted. The US and EU imposed sanctions as well as a price cap on Russian crude. The ostensible purpose seems to be to curb Russia's
